Moody's assessments of Qatar Petroleum's default dependence and government support remain unchanged. Given the high support and dependence assumptions, Qatar Petroleum's ratings and outlook will move in line with any changes to Qatar's sovereign rating.

Qatar Petroleum, headquartered in Doha, Qatar, is the national oil & gas company of Qatar and wholly owned by the state. Total crude and condensate reserves are approximately 26.9 billion barrels of oil equivalent (boe) and total natural gas reserves are 905 trillion standard cubic feet (tscf), predominantly located in its vast offshore North Field.